Sanford C. Bernstein Begins Coverage on Molina Healthcare (NYSE:MOH)

Investment analysts at Sanford C. Bernstein assumed coverage on shares of Molina Healthcare (NYSE:MOH) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $414.00 price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 24.71% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Mizuho upped their price target on shares of Molina Healthcare from $376.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 9th. Wells Fargo & Company upgraded Molina Healthcare from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $295.00 to $372.00 in a research report on Wednesday, March 5th. StockNews.com upgraded Molina Healthcare from a “hold” rating to a “buy” rating in a report on Friday, April 11th. UBS Group dropped their price objective on shares of Molina Healthcare from $374.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, February 7th. Finally, Stephens reiterated an “equal weight” rating and set a $345.00 target price on shares of Molina Healthcare in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Molina Healthcare presently has an average rating of “Hold” and a consensus price target of $363.62.

Molina Healthcare Trading Up 3.4 %

Shares of MOH opened at $331.96 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.62 and a current ratio of 1.62. Molina Healthcare has a 52-week low of $262.32 and a 52-week high of $370.99. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.06 and a beta of 0.70. The business’s fifty day moving average is $317.63 and its 200-day moving average is $307.82.

Molina Healthcare (NYSE:MOH) last released its earnings results on Wednesday, April 23rd. The company reported $6.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.86 by $0.22. Molina Healthcare had a return on equity of 28.13% and a net margin of 2.90%. During the same period in the previous year, the firm earned $5.73 EPS. Equities analysts anticipate that Molina Healthcare will post 24.4 EPS for the current fiscal year.

Insider Transactions at Molina Healthcare

In related news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $301.33, for a total transaction of $301,330.00. Following the transaction, the director now owns 17,375 shares in the company, valued at $5,235,608.75. The trade was a 5.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Molina Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of MOH. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Molina Healthcare in the 1st quarter valued at about $1,070,000. Fourth Dimension Wealth LLC increased its holdings in shares of Molina Healthcare by 45.5% during the first quarter. Fourth Dimension Wealth LLC now owns 640 shares of the company’s stock valued at $211,000 after acquiring an additional 200 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Molina Healthcare by 3.4% during the first quarter. Asset Management One Co. Ltd. now owns 23,090 shares of the company’s stock worth $7,606,000 after purchasing an additional 759 shares during the period. Continuum Advisory LLC grew its position in Molina Healthcare by 9.3% in the 1st quarter. Continuum Advisory LLC now owns 11,128 shares of the company’s stock valued at $3,665,000 after purchasing an additional 949 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Molina Healthcare by 581.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,229 shares of the company’s stock valued at $3,040,000 after purchasing an additional 7,874 shares in the last quarter. 98.50% of the stock is owned by institutional investors.

About Molina Healthcare

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.